Some Center-Left Sanity
Monday, November 09, 2026
As if to echo political scientists warning Democrats not to read too much into Trump's election-day wipeout, the Washington Post considers a couple of nasty themes that always come up when Democrats win nationally: taxing "the rich" and preventing "the rich" from spending their own money in elections.
(See also: "America's Persecuted Minority: Big Business" by Ayn Rand, which, alas, continues to age like fine wine.)
The editorial's point of departure is California, where dueling ballot measures are polling in exactly the opposite way one might expect from the Republicans' drubbing last week:
And it still does not appear to have been enough to get California voters to approve a wealth tax. Proposition 40 is losing by about 10 points, with nearly two-thirds of the vote counted as of Friday. Proposition 42, a competing ballot measure that would prohibit new state wealth taxes and retroactive taxes, is on track to pass.That is excellent news, and the piece analyzes both how hard it would be to make this folly federal law, as well as how bad it would be for American innovation.
But that's not all! as the infomercials always say. The piece also notes that the last Tuesday has provided an undeniable counterexample to the notion that "the rich" can buy elections, and so must therefore be prevented from spending their own money in the exercise of their inalienable right to freedom of speech:
When voters started to understand these realities, and the polling turned against the measure, Sen. Bernie Sanders (I-Vermont) cried foul, criticizing billionaires' spending for tainting the results. Did he really expect them to do nothing while he bragged about taking 5 percent of everything they own?Hats off to the editorial board of the Washington Post. While I wouldn't bet on Democrats heeding their wise words, it is good to hear them coming from somewhere.
It isn't as though spending determines election results, as Tuesday's elections elsewhere proved. Elon Musk, the world's richest man on paper, spent more than anyone ever has in a single election cycle, backing Republicans who got slaughtered. If California voters were bothered by billionaires' activism, they could have told them to take a hike, just like Texas voters did to Musk.
An argument I saw, but can't place, noted that many of the new Democrats in Congress are moderates, meaning that the Dem-Socialists won't enjoy their recent outsized power as crucial members of a very thin majority. I wouldn't put the odds of a sane Democrat majority as very high, but perhaps they are nonzero.
That's certainly better than zero, particularly since it remains possible that the brain-dead ignoramuses of MAGA could continue controlling the GOP, despite this obvious-but-to them repudiation.
-- CAV